Mattheus
ActiveSummary
The computed 12-month bankruptcy probability of Mattheus is 1.7% (moderate). The 2025 annual accounts show equity of €6,000 and a net result of €20,355. Equity is shrinking by ~5.7% per year across the filed fiscal years. Its solvency ranks better than 14% of 10552 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability62▼-8
Solvency26▼-31
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.81 against 1.37 in 2024; short-term debt: 86.4% and cash: 5.9% of total assets), and 98.8% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
1.2%
Return on assets
4.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 10552 sector peers (2025).
NBB · sector comparisonPosition among 10552 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-05-2026, 64 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
64 d early
2024
22 d late
2023
2 d late
2022
30 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 3 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 13 August (3 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Equity
€6,000▼ 96.4%
2024 · €166,719
Total assets
€489,096▼ 7.0%
2024 · €525,953
Net result
€20,355▲ 4.6%
2024 · €19,458
Working capital
-€82,101
2024 · €92,330
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€136,768-€93,077▼ 31.9%€43,527▼ 53.2%€50,383▲ 15.8%
Net result€94,378within the sector's middle half-€55,982within the sector's middle half▼ 40.7%€19,458within the sector's middle half▼ 65.2%€20,355within the sector's middle half▲ 4.6%
Equity€97,378below the sector's middle half-€150,360within the sector's middle half▲ 54.4%€166,719within the sector's middle half▲ 10.9%€6,000below the sector's middle half▼ 96.4%
Total assets€494,279below the sector's middle half-€508,183below the sector's middle half▲ 2.8%€525,953within the sector's middle half▲ 3.5%€489,096within the sector's middle half▼ 7.0%
Debt€396,901-€357,823▼ 9.8%€359,233▲ 0.4%€483,096▲ 34.5%
Working capital€51,305within the sector's middle half-€82,570within the sector's middle half▲ 60.9%€92,330within the sector's middle half▲ 11.8%-€82,101below the sector's middle half
Solvency19.7%within the sector's middle half-29.6%within the sector's middle half▲ 9.9pp31.7%within the sector's middle half▲ 2.1pp1.2%below the sector's middle half▼ 30.5pp
Current ratio1.21within the sector's middle half-1.34within the sector's middle half▲ 0.131.37within the sector's middle half▲ 0.040.81below the sector's middle half▼ 0.57
Return on assets (ROA)19.1%above the sector's middle half-11.0%above the sector's middle half▼ 8.1pp3.7%within the sector's middle half▼ 7.3pp4.2%within the sector's middle half▲ 0.5pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 16% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €489,096
Fixed assets
€148,647 ▼ 20.6%
Current assets
€340,449 ▲ 0.5%
Equity and liabilities €489,096
Equity
€6,000 ▼ 96.4%
Debt
€483,096 ▲ 34.5%
Debt's share of the balance-sheet total rises from 68.3% to 98.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€104,814▲
2024 · €94,486
Cash flow
€74,786▲
2024 · €70,417
Quick ratio
0.23▼
2024 · 0.31
Debt to equity
80.52▲
2024 · 2.15
ROE
339.3%▲
2024 · 11.7%
Interest coverage
4.60▼
2024 · 5.65
Debt ≤ 1 year
€422,551▲
2024 · €246,386
Debt > 1 year
€60,546▼
2024 · €112,847
Income taxes
€7,755▲
2024 · €7,624
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,603 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 96% are still going.
- Small
- 5 to 10 years old
- solvency under 10%
- a profit under 5% of the balance sheet
1.9%
went bankrupt
1.8%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,603 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | €2,613 | €1,344 | - | - | - |
| Remuneration, social security and pensions62 | - | - | €3,110 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €41,834 | €40,671 | €50,959 | €54,431 | ▲ 6.8% |
| Other operating charges640/8 | €2,184 | €2,200 | €2,046 | €1,883 | ▼ 7.9% |
| Non-recurring operating charges66A | €230 | €85 | €175 | - | - |
| Gross operating margin9900 | €181,016 | €136,032 | €99,817 | €106,697 | ▲ 6.9% |
| Operating profit (loss)9901 | €136,768 | €93,077 | €43,527 | €50,383 | ▲ 15.8% |
| Financial income75/76B | €14 | €302 | €270 | €513 | ▲ 89.6% |
| Recurring financial income75 | €14 | €302 | €270 | €513 | ▲ 89.6% |
| Financial charges65/66B | €24,102 | €20,782 | €16,716 | €22,786 | ▲ 36.3% |
| Recurring financial charges65 | €24,102 | €20,782 | €16,716 | €22,786 | ▲ 36.3% |
| Profit (loss) for the period before taxes9903 | €112,680 | €72,597 | €27,081 | €28,110 | ▲ 3.8% |
| Income taxes67/77 | €18,303 | €16,615 | €7,624 | €7,755 | ▲ 1.7% |
| Profit (loss) for the period9904 | €94,378 | €55,982 | €19,458 | €20,355 | ▲ 4.6% |
| Profit (loss) for the period to be appropriated9905 | €94,378 | €55,982 | €19,458 | €20,355 | ▲ 4.6% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €494,279 | €508,183 | €525,953 | €489,096 | ▼ 7.0% |
| Fixed assets21/28 | €197,958 | €179,137 | €187,236 | €148,647 | ▼ 20.6% |
| Tangible fixed assets22/27 | €197,958 | €179,137 | €187,236 | €148,647 | ▼ 20.6% |
| Land and buildings22 | €95,549 | €83,040 | €74,192 | €61,293 | ▼ 17.4% |
| Plant, machinery and equipment23 | €1,461 | €7,363 | €11,602 | €21,365 | ▲ 84.2% |
| Furniture and vehicles24 | €100,948 | €88,734 | €101,443 | €65,989 | ▼ 34.9% |
| Current assets29/58 | €296,321 | €329,046 | €338,716 | €340,449 | ▲ 0.5% |
| Stocks and contracts in progress3 | €244,056 | €252,905 | €261,612 | €245,304 | ▼ 6.2% |
| Stocks30/36 | €244,056 | €252,905 | €261,612 | €245,304 | ▼ 6.2% |
| Amounts receivable within one year40/41 | €26,232 | €10,555 | €17,124 | €31,491 | ▲ 83.9% |
| Trade receivables40 | €21,142 | €10,555 | €17,124 | €30,504 | ▲ 78.1% |
| Other amounts receivable41 | €5,090 | - | - | €987 | - |
| Current investments50/53 | - | - | €15,000 | €30,155 | ▲ 101% |
| Cash at bank and in hand54/58 | €22,728 | €62,044 | €41,148 | €29,060 | ▼ 29.4% |
| Deferred charges and accrued income490/1 | €3,304 | €3,542 | €3,832 | €4,439 | ▲ 15.9% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €494,279 | €508,183 | €525,953 | €489,096 | ▼ 7.0% |
| Equity10/15 | €97,378 | €150,360 | €166,719 | €6,000 | ▼ 96.4% |
| Contributions10/11 | €6,000 | €6,000 | €6,000 | €6,000 | = |
| Reserves13 | €91,378 | €144,360 | €160,719 | - | - |
| Distributable reserves133 | €91,378 | €144,360 | €160,719 | - | - |
| Amounts payable17/49 | €396,901 | €357,823 | €359,233 | €483,096 | ▲ 34.5% |
| Amounts payable after more than one year17 | €151,886 | €111,347 | €112,847 | €60,546 | ▼ 46.3% |
| Financial debts170/4 | €151,886 | €111,347 | €112,847 | €60,546 | ▼ 46.3% |
| Amounts payable within one year42/48 | €245,015 | €246,476 | €246,386 | €422,551 | ▲ 71.5% |
| Current portion of amounts payable after more than one year42 | €29,707 | €30,539 | €35,025 | €32,302 | ▼ 7.8% |
| Trade debts44 | €183,221 | €175,568 | €189,575 | €191,159 | ▲ 0.8% |
| Suppliers440/4 | €183,221 | €175,568 | €189,575 | €191,159 | ▲ 0.8% |
| Taxes, remuneration and social security45 | €18,303 | €21,600 | €7,731 | €7,602 | ▼ 1.7% |
| Taxes450/3 | €18,303 | €21,600 | €7,731 | €7,602 | ▼ 1.7% |
| Other amounts payable47/48 | €13,784 | €18,769 | €14,055 | €191,488 | ▲ 1,262% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €94,378 | €55,982 | €19,458 | €20,355 | ▲ 4.6% |
| + Depreciation and write-downs630 | €41,834 | €40,671 | €50,959 | €54,431 | ▲ 6.8% |
| Operating cash flow (approximation) | €136,212 | €96,653 | €70,417 | €74,786 | ▲ 6.2% |
| Investment in fixed assets (approximation) | - | -€21,849 | -€59,059 | -€15,841 | ▲ 73.2% |
| Change in cash | - | €39,315 | -€20,896 | -€12,088 | ▲ 42.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 22 days late
2024
31-12
Financial
Weakest financial yearnet €19,458 ▼65.2%
Net result drops to €19,458, the lowest in the series; recovery starts the following year.
02-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 2 days late
2023
31-12
Financial
Equity above €150,000Eq €150,360 ▲54.4%
2 profitable years in a row build equity to €150,360.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Aarschot · 1 establishment unit since 2021
Ground area
2,507 m²
Building footprint
284 m²
Volume, LiDAR
1,862 m³
Parcel 24092B0087/00V000, Flanders · tallest building 10.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Mattheus
since 20212.316.488.573
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24092B0087/00V000 | Flanders | 2,507 m² | 1 · 283 m² | 10.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteAarschot2.316.488.573
Similar companies · same sector, comparable size
M.-BAAR
BE 0762.974.185
Lievegem · Eq €6,026
TB EXPRESS
BE 0671.804.182
Walcourt · Eq €5,959
MIRO PARTNERS
BE 0632.516.610
Wingene · Eq €5,912
DELIMATIC
BE 0628.853.671
Verviers · Eq €5,801
PERSONEELSEXTRAS
BE 0895.818.061
Herent · Eq €5,665
Of 3,225 companies in sector 47781 we hold annual accounts for 742. 227 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded16-04-2021
Fiscal year end31-12
Activities, NACEBEL 2025
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
47252Retail sale of beverages, general range
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0766800935
Also
9925:BE0766800935
Registered
24-12-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.